My Dilemma

[Brutus]

I have read many threads on this forum and came to the concluaion that it is best to use dakrs to setup a company if you are concerned about your privacy or just doing some shady business.

I run a completely legit, legal business (I trade bitcoins) and if one day I decide to take some of those profits to buy a car or a house for example, it will be hard to explain where I got that money if my business is setup with darks.

So I need to setup the business in my own name. But where is the best place to setup?
Maybe Seychelles company + Leupay +Worldcore + some local bank in my country? Having multiple bank accounta is good in this business.
I think Seychelles company would be best because I don't want to have to prepare accounts every year and publish them?

Any ideas/suggestions are welcome.

 

[negon]

Once you are so far, you incorporate a legit company somewhere or even in the country where you want to buy something bigger! So you setup a offshore company where you transfer the bitcoins in real money i.e. usd / eur etc. to - once the money is in the offshore corp. you start invoice this company from your "legit" other company and then buy whatever you want to buy.

For banking you use LeuPay or other EMI account for the offshore corp. and normal bank for the "legit" corp.

It's not that difficult.

 

[Brutus]

Thank you auric. So I would only invoice for as much as the item I am going to buy will cost, this way the onshore company will have no profits to pay tax from as it was invested into real estate, correct?

What should the invoice be for? Some type of service or something?

 

[Brutus]

Anyone any ideas on this? @Admin ?

 

[Milky Moon]

Theoretically you could loan the amount from the offshore corp to the legit corp, this way there is no profit received from the offshore corp.

Building on that, you could than miss some payments, the offshore corp could write off the loan and sell it to your second legit company for a low price. Your second legit company starts invoicing your first legit company and so you transfer legit money to a legit company. The second legit company would have to pay profit off course, but you could incorporate in a low tax jurisdiction.

 

[JohnLocke]

It's actually a good way of doing it that is suggested by @Milky Moon

If you use the invoice model, you can invoice for anything, honestly there is no one that is going to check if this service is actually delivered.

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[Milky Moon]

You always invoice for -services-, and if you live in a country where the taxman is strict you can alsway pay an indian guy 5 bucks to do some SEO or programming (get a separate stream of 'work' via fivver.com) to get some substance to your invoicing. (You pay the indian guy 5 bucks, and you sell the work to your offshore corp for €500,-)

Buy a cheap domain, website @Flippa.com and use that as a cover story, initial investment woud be below €1.000,- and gives a great 'failed' project which has cost a lot of money (which you of course received yourself). A perfect way to cash-out from an offshore company. (Or transfer money into an offshore corp by way of 'fine for bad work delivered').

Be creative.